Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00 at Oppenheimer

Booking (NASDAQ:BKNG) had its target price upped by Oppenheimer from $5,000.00 to $5,500.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts have also weighed in on BKNG. Truist Financial assumed coverage on shares of Booking in a report on Friday, September 6th. They set a “hold” rating and a $4,100.00 target price on the stock. DA Davidson upped their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday. Piper Sandler increased their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, JMP Securities increased their price target on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,510.71.

Booking Stock Performance

BKNG traded up $43.82 during midday trading on Thursday, reaching $4,720.07. The company had a trading volume of 43,751 shares, compared to its average volume of 245,183. The stock has a market cap of $158.22 billion, a PE ratio of 31.73, a P/E/G ratio of 1.45 and a beta of 1.40. Booking has a 12-month low of $2,756.39 and a 12-month high of $4,856.60. The business has a 50-day moving average price of $4,118.59 and a two-hundred day moving average price of $3,872.22.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $77.94 by $5.95. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. The company had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.63 billion. On average, research analysts anticipate that Booking will post 177.37 earnings per share for the current year.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Booking

A number of hedge funds have recently bought and sold shares of BKNG. Hennion & Walsh Asset Management Inc. purchased a new stake in Booking during the first quarter valued at $221,000. Norden Group LLC grew its holdings in shares of Booking by 38.7% in the first quarter. Norden Group LLC now owns 294 shares of the business services provider’s stock worth $1,067,000 after purchasing an additional 82 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Booking in the first quarter worth about $1,226,000. Mission Wealth Management LP grew its holdings in shares of Booking by 66.3% in the first quarter. Mission Wealth Management LP now owns 148 shares of the business services provider’s stock worth $538,000 after purchasing an additional 59 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Booking in the first quarter worth about $40,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.